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Industrial Controllers Market Size, Share, and Analysis, By Type (Programmable logic controller (PLC), Distributed control system (DCS), Supervisory Control & Data Acquisition System (SCDAS), and Others), By Component (Modular Terminal Blocks, Relays & Optocouplers, Industrial Robots, Sensors, and Others), By Application (Automotive, Utility, Electronics & Semiconductors, Pharmaceuticals, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

January 2024 | 412 pages | ID: I65975752D36EN
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Industrial Controllers Market Size, Share, and Analysis, By Type (Programmable logic controller (PLC), Distributed control system (DCS), Supervisory Control & Data Acquisition System (SCDAS), and Others), By Component (Modular Terminal Blocks, Relays & Optocouplers, Industrial Robots, Sensors, and Others), By Application (Automotive, Utility, Electronics & Semiconductors, Pharmaceuticals, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Industrial Controllers Market is anticipated t%li%grow at a CAGR of 9.4% in the forecast period (2024-2034), with the market size valued at USD 187.6 billion in 2023 and projected t%li%reach USD 505.3 billion by 2034.

Industrial controllers are range of devices and systems that are critical for managing machinery and operations across industries. These controls, which include PLCs, Supervisory Control and Data Acquisition (SCADA) systems, and Human-Machine Interfaces (HMIs), are crucial in automating, surveillance, and optimizing production lines. Their primary objective is t%li%ensure accuracy, efficiency, and safety in industries such as transportation, energy, and manufacturing. Furthermore, industrial controllers are hardware and software integrated solutions that meet multiple applications, including temperature control and complex assembly line coordination. They are the foundation of modern industrial operations, aiming t%li%increase productivity, reduce downtime, and maintain quality standards.

MARKET HIGHLIGHTS

Industrial Controllers Market is anticipated t%li%reach USD 505.3 billion, growing at a CAGR of 9.4% during the forecast period, owing t%li%the increased automation demands across industries, advancements in control systems such as PLCs, SCADA, and DCS, and an ongoing search for operational efficiency. The manufacturing, energy, and automotive industries are the main sectors driving this expansion. These controls are used in manufacturing t%li%optimize processes and ensure quality. In energy sector, industrial controls enable more efficient power generation and distribution. Similarly, in automotives, these systems are utilized t%li%power automated assembly lines, precision manufacturing, and stringent quality control. Additionally, the integration of IoT and AI technologies in industrial control systems has resulted in significant improvements in real-time monitoring and predictive maintenance. Therefore, the growing emphasis on efficiency and innovation in the industrial controls market creates the opportunities for ongoing expansion and improvement.

Smart Personal Safety and Security Device Market Segments:
  • By Type
  • Programmable logic controller (PLC)
  • Distributed control system (DCS)
  • Supervisory Control & Data Acquisition System (SCDAS)
  • Others
  • By Component
  • Modular Terminal Blocks
  • Relays & Optocouplers
  • Industrial Robots
  • Sensors
  • Others
  • By Application
  • Automotive
  • Utility
  • Electronics & Semiconductors
  • Pharmaceuticals
  • Others
MARKET DYNAMICS

Growth Drivers

Rise in Automation Demand Will Drive Market Growth

Incorporation of Advanced Technologies will Aid the Market's Expansion

Restraint

Increasing Cybersecurity Threats Could Limit Market Expansion

Key Players
  • Siemens AG
  • Rockwell Automation, Inc.
  • ABB Ltd
  • Schneider Electric SE
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Mitsubishi Electric Corporation
  • Yokogawa Electric Corporation
  • Omron Corporation
  • Bosch Rexroth AG
  • General Electric Company (GE)
  • Phoenix Contact GmbH & Co. KG
  • Beckhoff Automation GmbH & Co. KG
  • B&R Industrial Automation GmbH
  • Eaton Corporation plc
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY

1.1. Regional Market Share
1.2.Business Trends
1.3. Industrial Controllers Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1.Market Definition
3.2.Industrial Controllers Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data

4.INDUSTRIAL CONTROLLERS MARKET – INDUSTRY INSIGHTS

4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7. MARKET DYNAMICS

7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends

8.RISK ANALYSIS

9. MARKET ANALYSIS

9.1.Porters Five Forces
9.2. PEST Analysis
  9.2.1.Political
  9.2.2. Economic
  9.2.3. Social
  9.2.4. Technological

10.INDUSTRIAL CONTROLLERS MARKET

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11. INDUSTRIAL CONTROLLERS MARKET SIZE & FORECAST 2024A-2034F

11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
  11.3.1.By Type
    11.3.1.1. Programable Logic Controller (PLC)
      11.3.1.1.1.By Value (USD Million) 2024-2034F
      11.3.1.1.2. Market Share (%) 2024-2034F
      11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Distributed Control System (DCS)
      11.3.1.2.1. By Value (USD Million) 2024-2034F
      11.3.1.2.2.Market Share (%) 2024-2034F
      11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.3.Supervisory Control & Data Acquisition System (SCDAS)
      11.3.1.3.1. By Value (USD Million) 2024-2034F
      11.3.1.3.2.Market Share (%) 2024-2034F
      11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.4.Others
      11.3.1.4.1. By Value (USD Million) 2024-2034F
      11.3.1.4.2.Market Share (%) 2024-2034F
      11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Component
    11.3.2.1.Modular Terminal Blocks
      11.3.2.1.1. By Value (USD Million) 2024-2034F
      11.3.2.1.2.Market Share (%) 2024-2034F
      11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Relays & Optocouplers
      11.3.2.2.1.By Value (USD Million) 2024-2034F
      11.3.2.2.2. Market Share (%) 2024-2034F
      11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.3. Industrial Robots
      11.3.2.3.1.By Value (USD Million) 2024-2034F
      11.3.2.3.2. Market Share (%) 2024-2034F
      11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.4. Sensors
      11.3.2.4.1.By Value (USD Million) 2024-2034F
      11.3.2.4.2. Market Share (%) 2024-2034F
      11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.5. Others
      11.3.2.5.1.By Value (USD Million) 2024-2034F
      11.3.2.5.2. Market Share (%) 2024-2034F
      11.3.2.5.3. Y-o-Y Growth (%) 2024-2034F
  11.3.3.By Application
    11.3.3.1.Automotive
      11.3.3.1.1. By Value (USD Million) 2024-2034F
      11.3.3.1.2.Market Share (%) 2024-2034F
      11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Utility
      11.3.3.2.1.By Value (USD Million) 2024-2034F
      11.3.3.2.2. Market Share (%) 2024-2034F
      11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.3. Electronic & Semi-Conductors
      11.3.3.3.1.By Value (USD Million) 2024-2034F
      11.3.3.3.2. Market Share (%) 2024-2034F
      11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.4. Pharmaceuticals
      11.3.3.4.1.By Value (USD Million) 2024-2034F
      11.3.3.4.2. Market Share (%) 2024-2034F
      11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.5. Others
      11.3.3.5.1.By Value (USD Million) 2024-2034F
      11.3.3.5.2. Market Share (%) 2024-2034F
      11.3.3.5.3. Y-o-Y Growth (%) 2024-2034F

12.NORTH AMERICA INDUSTRIAL CONTROLLERS MARKET SIZE & FORECAST 2024A-2034F

12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1.By Type
  12.3.2. By Component
  12.3.3. By Application
12.4. Country
  12.4.1. United States
  12.4.2. Canada

13.EUROPE INDUSTRIAL CONTROLLERS MARKET SIZE & FORECAST 2024A-2034F

13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1.By Type
  13.3.2. By Component
  13.3.3. By Application
13.4.Country
  13.4.1.Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14.ASIA-PACIFIC INDUSTRIAL CONTROLLERS MARKET SIZE & FORECAST 2024A-2034F

14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
  14.3.1.By Type
  14.3.2. By Component
  14.3.3. By Application
14.4. Country
  14.4.1.India
  14.4.2. China
  14.4.3. South Korea
  14.4.4.Japan
  14.4.5.Rest of APAC

15.MIDDLE EAST AND AFRICA INDUSTRIAL CONTROLLERS MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1.By Type
  15.3.2. By Component
  15.3.3. By Application
15.4.Country
  15.4.1. Israel
  15.4.2. GCC
  15.4.3. North Africa
  15.4.4.South Africa
  15.4.5. Rest of Middle East and Africa

16. LATIN AMERICA INDUSTRIAL CONTROLLERS MARKET SIZE & FORECAST 2024A-2034F

16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1.By Type
  16.3.2. By Component
  16.3.3. By Application
16.4.Country
  16.4.1. Mexico
  16.4.2. Brazil
  16.4.3. Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1. Siemens AG
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2.Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2.Rockwell Automation, Inc.
18.3.ABB Ltd
18.4.Schneider Electric SE
18.5.Emerson Electric Co.
18.6.Honeywell International Inc.
18.7.Mitsubishi Electric Corporation
18.8.Yokogawa Electric Corporation
18.9.Omron Corporation
18.10.Bosch Rexroth AG
18.11. General Electric Company (GE)
18.12.Phoenix Contact GmbH & Co. KG
18.13.Beckhoff Automation GmbH & Co. KG
18.14.B&R Industrial Automation GmbH
18.15.Eaton Corporation plc
18.16.Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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